MOIT VIETNAM | Yen Bai: Connecting supply and demand, develop potential products

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Yen Bai: Connecting supply and demand, develop potential products

1st December 2020 post by MOIT Vietnam

Over the past years, trade promotion activities, regional links, supply-demand connection between Yen Bai and other provinces and cities in the region and across the country have been actively deployed to promote products connecting between manufacturers with distributors.

"Yen Bai is a mountainous province with great potential for product development in the industry of processing agricultural, forestry and food products; mineral exploitation and processing, production of construction materials; handicrafts; products from agriculture. In recent years, in the fields of Industry and Trade, Yen Bai province has achieved important results. Specifically, the average growth rate of the industry is estimated at 11.6%, the industrial production value in 2020 is estimated at 13,000 billion VND, the total turnover of goods is estimated at 19,000 billion VND, the value of export goods. Direct chemical is estimated at 170 million USD."

Speaking at the Yen Bai Supply-Demand Connection Conference in 2020 held by the Department of Industry and Trade of Yen Bai province on the afternoon of November 30, Mr. Hoang Minh Chien - Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade) said: The Covid-19 epidemic has been stretching from the beginning of 2020 until now, the initiative of the Department of Industry and Trade of Yen Bai province in organizing activities to connect supply and demand, trade promotion, trade connection ... has been deployed. has brought positive results for local trade and production and business of enterprises. Specifically, such as the conference on connecting online trade between Yen Bai enterprises with the Vietnam Trade Office and businesses from: India, Japan, Korea, China, ...

Mr. Ngo Hanh Phuc - Vice Chairman of Yen Bai Provincial People's Committee - emphasized, over the past time, trade promotion activities, regional linkage, supply-demand connection between Yen Bai and other provinces and cities in the region and across the country. has been actively deployed, contributing to enhancing goods trade of Yen Bai in particular and provinces in general, promoting goods circulation in the market, meeting the consumption needs of the people.


"Through trade promotion activities, many Yen Bai specialties are widely advertised, step by step penetrating into modern distribution channels and some products have been present in major markets such as: Hanoi, other provinces in the country and favored by consumers, in which, many products are produced for stable consumption and good growth such as tea, tapioca starch, cinnamon oil, plywood, products garment export ... "- Mr. Ngo Hanh Phuc information.


Yen Bai province has boosted trade promotion, expanded consumption markets at home and abroad. The province has built a distribution system, exchanging information, promoting links in investment in production, supply and consumption of goods. From there, step by step seek solutions to form a supply chain, link supply and demand of goods between production facilities and the distribution system, helping manufacturing enterprises to consume their goods in a stable manner.

Mr. Hoang Minh Chien believes that the conference to connect supply and demand will be a bridge, opening an important trade promotion channel to create conditions for manufacturers and suppliers of goods with distribution systems and retail establishments of businesses inside and outside the province will share experiences, step by step establish a stable consumption market and operate effectively and sustainably. Enterprises in the country will find opportunities for long-term investment and business cooperation in the Northwest region in general and Yen Bai province in particular.

 

Also at the conference, businesses, production and business establishments, and distributors discussed to find solutions to improve the quality of designs, quality standards and procedures to bring products into supermarkets and commercial center, domestic and foreign market. Along with that, promoting trade activities between localities, promoting the campaign "Vietnamese people give priority to using Vietnamese goods".

 

At the Yen Bai Supply-Demand-Supply Conference in 2020, Yen Bai enterprises, production establishments and distribution and consumption enterprises have signed principle contracts and memoranda of understanding on product consumption.